Subject As global practices show, public-private partnership effectively allows for raising additional funds to develop road and social infrastructure. This tool becomes even more important during recessions, when the State suffers from insufficient finance and increasing social needs, including the development of the road and social infrastructure. Objectives The research represents a benchmarking analysis of using PPP in the Russian regions to enhance the use of this tool and subsequently implement public interest projects, illustrating the Komi Republic. Methods We analyzed documents and some researches, and used statistical processing methods. Results We evaluated the development level of public private partnership in the Komi Republic, including an analysis of the 2013–2015 PPP development ratings of the Russian regions as prepared by the Ministry of Economic Development of the Russian Federation and PPP Development Center. We emphasize the Komi Republic's experience in PPP projects and summarize practices of the Russian leading regions, which had record high indicators of developing the PPP mechanisms in line with the 2014–2015 PPP development ratings of the Russian regions. Conclusions and Relevance Following the research, we formulated our own recommendations for applying the best PPP practices so to improve its use.
Keywords: public-private partnership, rating, region, best practices, public interest project
Kabashkin V., Kosharets N. Perspektivy razvitiya gosudarstvenno-chastnogo partnerstva na regional'nom urovne [Prospects for the development of public-private partnership at the regional level]. Moscow, MITs Publ., 2010, 206 p.
Pilyakina V. [A public-private partnership mechanism in the bank project finance in Russia]. Sovremennaya ekonomika: problemy i resheniya = Modern Economics: Problems and Solutions, 2010, no. 4, pp. 15–22.
Emel'yanov Yu.S. Gosudarstvenno-chastnoe partnerstvo v innovatsionnoi sfere. Zarubezhnyi i rossiiskii opyt [Public-private partnership in innovation. International and Russian experience]. Moscow, Librokom Publ., 2012, 256 p.
Gosudarstvenno-chastnoe partnerstvo v usloviyakh innovatsionnogo razvitiya ekonomiki: monografiya [Public-private partnership during the innovative development of economy: a monograph]. Moscow, Institute of Economics of RAS Publ., 2012, p. 212.
Gorobnyak A., Syzrantsev G. [Prospects for developing the public-private partnership in Russia]. Izvestiya Irkutskoi gosudarstvennoi ekonomicheskoi akademii = Izvestiya of Irkutsk State Economics Academy, 2011, no. 4, pp. 128–131.
Muradova Yu. [The issue of financial support to public-private partnerships]. KANT, 2011, no. 2, pp. 123–126.
Kvashnina N., Oreshkova M. [Systematizing approaches to understanding of public-private partnership in Russia and abroad]. Vestnik Finansovogo universiteta = Bulletin of Financial University, 2011, no. 6, pp. 5–12.
Varnavskii V. [Public-private partnership: some issues of theory and practice]. Mirovaya ekonomika i mezhdunarodnye otnosheniya = World Economy and International Relations, 2011, no. 9, pp. 41–50.
Shevchenko A., Polkhovskaya T. [The contractual network as a tool to transfer and split project financing risks]. Inzhenernyi vestnik Dona = Engineering Journal of Don, 2012, vol. 23, no. 4-2.
Varnavskii V., Klimenko A., Korolev V. Gosudarstvenno-chastnoe partnerstvo: teoriya i praktika [Public-private partnership: theory and practice]. Moscow, Higher School of Economics Publ., 2010, 287 p.